UK

On July 24, Aston Martin announced that its product transformation is progressing with four new models, including a new Vantage and upgraded DBX707 which released in the first half of 2024. In the second half, the company aims for a strong performance with increased wholesale volumes, featuring the new V12 Vanquish launching in September 2024 and the exclusive Valiant model, with deliveries beginning in Q4 2024.

Aston Martin reiterated its guidance for positive free cash flow and medium-term targets, expecting profitability to improve with high single-digit wholesale volume growth and better margins.

Based on Aston Martin press release

On July 25, Addionics, a global leader in battery technology, announced its Series B funding round of USD 39 million, co-led by GM Ventures and Deep Insight, with participation from Scania, along with new and returning strategic investors. 

The investment will allow Addionics to build up teams across the globe, and expand its manufacturing and commercialization efforts, including construction of its planned U.S.-based gigafactory for the production of Addionics 3D Current Collectors.

Addionics is the leading manufacturer of 3D Current Collectors. With better heat dissipation throughout the electrodes, batteries using Addionics provide faster charging time, increased power, and improved stability, resulting in better-performing batteries at a lower cost. 

Working with the majority of the 10 biggest global automotive OEMs and battery manufacturers, the funding will help meet the growing demand for Addionics 3D Current Collectors.

Founded in 2017, Addionics has sites in the UK, Israel, the U.S., and Germany.

(Addionics release on July 25, 2024)

On July 25, the Chomerics Division of Parker Hannifin Corp., the global leader in motion and control technologies, announced its new THERM-A-GAP PAD 30 thermally conductive gap filler pads, a high-performance solution for EV battery packs that fits seamlessly into robotic assembly processes typical of the automotive sector.

Selecting the optimal thermal interface material (TIM) for the battery electronic control unit (ECU) is essential, as EV battery packs generate high levels of heat and their performance relates directly to internal temperatures.

THERM-A-GAP PAD 30 thermally conductive gap filler pads for EV battery pack applications provide exceptional performance and conformability at a competitive price. During assembly, vision sensors can see THERM-A-GAP pads which enables effective quality control and fast production. 

THERM-A-GAP PAD 30 provides a soft (34 Shore 00) solution with 3.2 W/m-K of thermal conductivity and offers extremely low outgassing, ensuring an effective thermal interface between heat sinks and electronic devices.

A global leader in development and application of electrically and thermally conductive materials in electronics, transportation and alternative energy systems, Chomerics is a division of Parker Hannifin Corp. and is part of its Engineered Materials Group.

(Parker Hannifin press release on July 25, 2024)